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BHP Is Weighing On The ALL ORDINARIES Index

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.02% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.02% at lunch. The BHP Billiton Limited (ASX: BHP) share price is down by 1.36% today as commodity prices dropped slightly.

The Magellan Financial Group Ltd (ASX: MFG) share price is up 0.2% after dumping the Cricket Australia sponsor partnership.

a2 Milk Company Ltd (ASX: A2M) is down by 3.9% and Bellamy’s Australia Ltd (ASX: BAL) is down by 5.14% after Nestle revealed it would release its own A2 protein brand of infant formula.

The Iron Mountain Corporated (ASX: INM) share price is up 3.67% after closing its US term loan and increasing its Australian term loan.

Australian Pharmaceutical Industries Ltd (ASX: API) share price is up 2.37% on no news at lunch.

Some market commentators are question if there is going to be a lithium oversupply, or if lithium will be cyclical like other commodities. This has caused the Orocobre Limited (ASX: ORE) share price to be the worst performer today, dropping by almost 6%.

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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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